Taubman to Go to Prison Hospital,
As Appeals Court Denies New Trial

By

Jerry MarkonStaff Reporter of The Wall Street Journal

Updated July 26, 2002 12:01 am ET

NEW YORK -- Former Sotheby's Holdings Inc. Chairman A. Alfred Taubman is going to prison. Starting Thursday, the wealthy 78-year-old shopping-mall developer will be spending his days in a 10-by-12-foot cell at a federal medical facility in Minnesota after a federal appeals court Thursday upheld his conviction on price-fixing charges.

The Second U.S. Circuit Court of Appeals here declined to grant Mr. Taubman a new trial, ruling that a federal judge didn't abuse his discretion in excluding evidence that Mr. Taubman had argued...